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WSB Token Drops 90% After Alleged Insider Dump
WallStreetBets (WSB) token has experienced a 90% drop in the past 24 hours due to an insider connected to the project dumping a large amount of WSB. This was followed by a multi-signature wallet transaction, which caused token holders to dump their holdings. The tokens had previously gone viral on Crypto Twitter after an airdrop of nearly seven ether (ETH) worth of WSB tokens. @WSBMod has warned of legal action against @zjzWSB, but no tokens have been returned as of yet.